Fernando Rafael Assing Sells 9,293 Shares of Tesco Corporation (NASDAQ:TESO) Stock

Tesco Corporation (NASDAQ:TESO) CEO Fernando Rafael Assing sold 9,293 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $3.80, for a total transaction of $35,313.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Tesco Corporation (TESO) opened at $3.80 on Wednesday. Tesco Corporation has a 12 month low of $3.60 and a 12 month high of $9.65.

Tesco Corporation (NASDAQ:TESO) last posted its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.01. The company had revenue of $40.50 million during the quarter, compared to analysts’ expectations of $43.24 million. Tesco Corporation had a negative net margin of 38.60% and a negative return on equity of 16.27%. Tesco Corporation’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.37) EPS. equities analysts anticipate that Tesco Corporation will post -0.94 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Virginia Retirement Systems ET AL acquired a new stake in shares of Tesco Corporation during the 2nd quarter worth about $105,000. Citadel Advisors LLC acquired a new stake in Tesco Corporation in the 1st quarter worth about $108,000. OppenheimerFunds Inc. raised its stake in Tesco Corporation by 21.5% in the 1st quarter. OppenheimerFunds Inc. now owns 13,580 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 2,404 shares in the last quarter. Voya Investment Management LLC raised its stake in Tesco Corporation by 25.9% in the 2nd quarter. Voya Investment Management LLC now owns 24,546 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 5,046 shares in the last quarter. Finally, KCG Holdings Inc. acquired a new stake in Tesco Corporation in the 1st quarter worth about $116,000. Institutional investors own 88.11% of the company’s stock.

A number of research analysts recently weighed in on TESO shares. Zacks Investment Research raised shares of Tesco Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Seaport Global Securities reissued a “neutral” rating on shares of Tesco Corporation in a research report on Wednesday, August 9th. FBR & Co set a $7.00 price objective on shares of Tesco Corporation and gave the company a “buy” rating in a research report on Wednesday, August 16th. ValuEngine downgraded shares of Tesco Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, B. Riley reissued a “buy” rating on shares of Tesco Corporation in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $6.00.

About Tesco Corporation

Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company’s operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales.

Insider Buying and Selling by Quarter for Tesco Corporation (NASDAQ:TESO)

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